Daily changes in the US 10 Year Treasury rates are the blue bars while the red line is the 14-day cumulative change in rates: 41bp cumulative INCREASE. For the blue bars, it is unusual to have changes of greater than 0.10 in a single day and 0.20 is VERY unusual.
Rates for ALL terms were up this week. The Yield Curve for short terms remains steep while the longer term (5+ years) remains INVERTED.
Next CPI release Sept 13, next Fed Sept 21. Ged is likely to increase the Fed Funds rates by 50bp or 75bp.
